UNIVERSITY PLAZA OPPORTUNITY | Synergizeventures

UNIVERSITY PLAZA

3500 Main Street, Amherst, NY 14226

RETAIL GROCER

ANCHORED

INVESTMENT OPPORTUNITY

Opportunity Summary

Address : University Plaza | Amherst, New York

MSA

Building Type

Total Units

Existing Building Size

Property Size Size

Bufferlo, NY

Grocery-Anchor Retail

32

168,000

15 acres

Executive Summary

University Plaza is a 157,790 SF institutional-grade retail center anchored by Tops Markets, a dominant regional grocer, operating at this location since 1984. An additional 3,200 SF McDonald’s outparcel brings the total GLA to approximately 168,477 SF. The center is currently ~92% leased to a healthy mix of national and regional tenants, including M&T Bank, Dollar Tree, The UPS Store, DaVita Dialysis, and Amherst Theatre, with average tenant tenure exceeding 26 years.

Strategic Location

The property is located directly across from University at Buffalo's South Campus, with over 30,000 students, and within 3 miles of Daemen College and Canisius College. Amherst is a thriving suburb of Buffalo with 405,000+ people in a 5-mile radius, supported by strong average household incomes exceeding $80,000Amherst NY - University.

The site benefits from excellent visibility and access at a high-traffic intersection (27,306 VPD at Route 5/Main Street).

Tenant Mix and Rent Roll Stability

Investment Upside

The center is home to 20+ tenants, including:

Essential service and food operators (e.g., McDonald’s, DaVita, H&R Block, Crown Fried Chicken)
Retail and soft goods (e.g., Rainbow Apparel, Sneaker Villa)

Medical and education-aligned uses (e.g., Heart of India, Taste of India, Amherst Bubble Tea – strong student appeal)

Value-add leasing potential: ~12% of the center (~19,500 SF) is vacant, including prominent spaces adjacent to Tops and M&T Bank.
Below-market anchor rents provide reversion potential.
Recent lease-up activity: 8 new leases signed in the last 12 months with healthy rent spreads indicate momentum in leasing.

The rent roll reflects diversified tenancy with stable income, minimal delinquency, and no major near-term rollover risksUniversity RR 4.1.2025University AR 4.1.2025.

Ownership and Title

The property is held by Amherst Station II LLC, with clean title and offered free and clear of debtTitle Report.

Summary for Investors

University Plaza offers a rare combination of credit tenancy, grocery-anchor stability, and core-plus upside in a high-density, education-driven submarket. With below-market rents and strategic vacancies, it presents a compelling opportunity for both cash flow yield and value creation.

MARKET OVERVIEW

Buffalo | Market

Demographics: Stabilized population with growing diversity
Economic Growth: Expanding sectors in tech, healthcare, and advanced manufacturing; rising wages and major redevelopment projects.
Population Trends: Urban revival attracting young professionals; increased demand for housing.
Key Drivers: "Buffalo Billion" initiative, growing tourism, and education/healthcare expansion.
More than $22.6 billion has been invested in development within the region that surrounds the city during the past five years

Our Track Record

480,000 SQ. FT

Currently Under Management

27% IRR

Realized Investor Rate of Return

Meet the Team

Joseph Huang

Joseph Huang is founder and principal of Synergize Ventures and he has over 20 years of experience in commercial and residential real estate investments. Together with various partners, he has invested and/or managed over commercial property assets in California, Florida, South Carolina and Texas. Mr. Huang’s primary responsibilities includes asset and portfolio management, broker relations, investor and client relations, banking relations, economic and demographic trends, market analysis, due diligence oversight, financing oversight, acquisition and disposition strategies, transaction oversight and business development.

Mr. Huang holds a Computer Science BS Degree from Cal Poly San Luis Obispo and Master of Business Administration (MBA) degree from JFK University on Program Management and Financial Management. He is also a Certified Chief Information Security Officer and Certified Information Systems Security Professional with over 23-year of experience in the Information Technology industry.

Managing Director and President
of Synergize Ventures Inc

Liliani Huandra

Liliani Huandra is the COO of Synergize Ventures and has over 15 years of experience in commercial and residential real estate investments. Ms Huandra’s primary responsibilities includes asset and portfolio management, tenant relations, banking relations, due diligence oversight, financing oversight, acquisition and disposition strategies, transaction oversight and business operation. She manages over 175,000 SF of commercial real estate properties in California, Virginia, Mississippi.

Chief Operating Office
of Synergize Ventures Inc

Ryan Deihl

Ryan T. Deihl, Esq., is a legal consultant for Synergize Ventures. Mr. Deihl is a founding partner of the Deihl Law Group LLC, a transactional real estate law firm. Mr. Deihl received his Juris Doctorate from the University of San Diego where he served as a member of the Law Review. Mr. Deihl’s practice focuses on representing buyers and sellers in connection with the acquisition and disposition of real property, with an emphasis on retail and mixed-use developments. His practice also includes representing buyers and sellers in connection with the acquisition and disposition of raw land, residential housing developments (single and multi-family), as well as preparing and negotiating commercial, industrial, office and retail leases. In additional, Mr. Deihl has extensive experience in drafting and negotiating loan documents in connection with real estate secured financing transactions. Mr. Deihl also has vast experience on the formation of joint ventures, limited liability companies, partnerships and financing of real estate investments. Mr. Deihl’s clients include entrepreneurial individuals to sophisticated institutional investors and Fortune 500 companies.

Attorney